Excellent Follow Through on System BUY Signal. Trading Plan for 5/1/23
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Market Recap: On Thursday bulls were able to regain control on the reclaim of the 50sma and the System BUY signal. In textbook fashion bulls remained in control on Friday, using the 10sma as trend support. We also got a BUY signal on the 1hr SPX chart and as we know when the two charts tell the same story that is when the magiv happens. As long as we continue to trade above the 50sma on both the 1hr and 30min SPX charts, bulls remain in control.
My Trading:
(Note: All trades mentioned below were alerted live in the Kane Capital discord where we are currently offering a 7-Day FREE Trial. For live trading alerts you can head over to kane-capital.com)